Nonrenewable natural capital, metals and minerals, sub-index, total in Nigeria
Nigeria: Nonrenewable natural capital, metals and minerals, sub-index, total was 502.90 million real chained 2019 US$ in 2020. ▼ Falling
Nonrenewable natural capital, metals and minerals, sub-index, total in Nigeria, 1995–2020
Source: World Bank. 2021. The Changing Wealth of Nations 2021: Managing Assets for the Future. Washington, DC: World Bank. doi:10.1596/978-1-4648-1590-4. Measured in real chained 2019 US$.
Analysis
Nigeria recorded 502.90 million real chained 2019 US$ for nonrenewable natural capital, metals and minerals, sub-index, total in 2020. That is the lowest value across all 26 years on record.
The figure is down 2.7% on the previous year and down 51.5% over ten years.
Over the whole period, nonrenewable natural capital, metals and minerals, sub-index, total in Nigeria peaked at 1.10 billion real chained 2019 US$ in 1995 and was at its lowest, 502.90 million real chained 2019 US$, in 2020.
That places Nigeria 85th out of 151 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently falling across the 26 years of available data.
Nonrenewable natural capital, metals and minerals, sub-index, total in Nigeria, year by year
| Year | real chained 2019 US$ | Change |
|---|---|---|
| 1995 | 1.10 billion real chained 2019 US$ | — |
| 1996 | 1.10 billion real chained 2019 US$ | -0.0% |
| 1997 | 1.10 billion real chained 2019 US$ | -0.0% |
| 1998 | 1.10 billion real chained 2019 US$ | -0.0% |
| 1999 | 1.10 billion real chained 2019 US$ | -0.0% |
| 2000 | 1.10 billion real chained 2019 US$ | -0.1% |
| 2001 | 1.10 billion real chained 2019 US$ | -0.1% |
| 2002 | 1.10 billion real chained 2019 US$ | -0.1% |
| 2003 | 1.10 billion real chained 2019 US$ | -0.1% |
| 2004 | 1.10 billion real chained 2019 US$ | -0.1% |
| 2005 | 1.10 billion real chained 2019 US$ | -0.1% |
| 2006 | 1.09 billion real chained 2019 US$ | -0.1% |
| 2007 | 1.09 billion real chained 2019 US$ | -0.2% |
| 2008 | 1.08 billion real chained 2019 US$ | -1.0% |
| 2009 | 1.07 billion real chained 2019 US$ | -0.7% |
| 2010 | 1.04 billion real chained 2019 US$ | -3.4% |
| 2011 | 947.51 million real chained 2019 US$ | -8.6% |
| 2012 | 878.34 million real chained 2019 US$ | -7.3% |
| 2013 | 768.82 million real chained 2019 US$ | -12.5% |
| 2014 | 620.33 million real chained 2019 US$ | -19.3% |
| 2015 | 608.20 million real chained 2019 US$ | -2.0% |
| 2016 | 589.22 million real chained 2019 US$ | -3.1% |
| 2017 | 571.97 million real chained 2019 US$ | -2.9% |
| 2018 | 543.39 million real chained 2019 US$ | -5.0% |
| 2019 | 516.94 million real chained 2019 US$ | -4.9% |
| 2020 | 502.90 million real chained 2019 US$ | -2.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.10 billion real chained 2019 US$ | 1.10 billion real chained 2019 US$ | 1.10 billion real chained 2019 US$ | 5 |
| 2000s | 1.09 billion real chained 2019 US$ | 1.07 billion real chained 2019 US$ | 1.10 billion real chained 2019 US$ | 10 |
| 2010s | 708.18 million real chained 2019 US$ | 516.94 million real chained 2019 US$ | 1.04 billion real chained 2019 US$ | 10 |
| 2020s | 502.90 million real chained 2019 US$ | 502.90 million real chained 2019 US$ | 502.90 million real chained 2019 US$ | 1 |
Countries ranked near Nigeria
- 82 Sierra Leone 610.41 million real chained 2019 US$ compare
- 83 Tunisia 600.43 million real chained 2019 US$ compare
- 84 Cameroon 519.91 million real chained 2019 US$ compare
- 86 Burundi 438.89 million real chained 2019 US$ compare
- 87 Botswana 383.29 million real chained 2019 US$ compare
- 88 Germany 330.46 million real chained 2019 US$ compare
More reference data data for Nigeria
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 1.77 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 19.51 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 27 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 2.62 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 27 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 5.94 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 5.8 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 81.9 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 121.16 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 14.27 (2050)
Frequently asked questions
- What is nonrenewable natural capital, metals and minerals, sub-index, total in Nigeria?
- Nonrenewable natural capital, metals and minerals, sub-index, total in Nigeria was 502.90 million real chained 2019 US$ in 2020, according to World Bank. 2021. The Changing Wealth of Nations 2021: Managing Assets for the Future. Washington, DC: World Bank. doi:10.1596/978-1-4648-1590-4.
- What is the highest nonrenewable natural capital, metals and minerals, sub-index, total recorded in Nigeria?
- The highest recorded value was 1.10 billion real chained 2019 US$ in 1995.
- What is the lowest nonrenewable natural capital, metals and minerals, sub-index, total recorded in Nigeria?
- The lowest recorded value was 502.90 million real chained 2019 US$ in 2020.
- How does Nigeria rank for nonrenewable natural capital, metals and minerals, sub-index, total?
- Nigeria ranks 85th out of 151 countries with data for 2020.
- Is nonrenewable natural capital, metals and minerals, sub-index, total rising or falling in Nigeria?
- Over the last ten years it is down 51.5%. The long-run trend across the full record is falling.
- Where does this Nigeria data come from?
- The figures come from World Bank. 2021. The Changing Wealth of Nations 2021: Managing Assets for the Future. Washington, DC: World Bank. doi:10.1596/978-1-4648-1590-4, published as part of Nonrenewable natural capital, metals and minerals, sub-index, total (real chained 2019 US$). Statizoid updates them automatically from the source API.
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About this data
Natural capital includes the valuation of renewable and nonrenewable natural capital. Renewable natural capital includes agricultural land (cropland and pastureland), forests (timber, and three ecosystem services: water, recretion and non-wood forest products), protected areas, mangroves and fisheries. Nonrenewable natural capital includes fossil fuel energy (oil, gas, hard and soft coal) and minerals (bauxite, copper, gold, iron ore, lead, nickel, phosphate, silver, tin, and zinc),Values are measured at market exchange rates in constant 2018 US dollars, using a country-specific GDP deflator.